The Real Deal- 4/12/2012

Dolly Lenz, Tim Davis and the Water Mill mansion.
Dolly Lenz finally sold her East End mansion that?s languished on the market for nearly two years, the New York Post reported, with a closing price of $5.46 million. The Prudential Douglas Elliman vice chairman famously chose Corcoran Group?s Hamptons power broker Tim Davis to list the estate on Cobb Hill Lane in Water Mill.
Davis and Lenz initially listed the 1.5-acre property for $5.495 million in June 2010, and upped the asking a year later to $5.9 million, only for it to sell closer to the original listing price. The 6,459-square-foot home has seven bathrooms, seven and a half bathroom with an outdoor pool, tennis court, carriage house and four-car garage. Tim Davis also represented the buyer of the property.

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